$2,195,000
$2,250,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
515 Santa Clara AVE Venice, CA 90291
2,268 SqFt
Key Details
Sold Price $2,195,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $967
MLS Listing ID TR23158495
Sold Date 01/24/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1923
Lot Size 5,209 Sqft
Acres 0.1196
Property Description
This is the opportunity you've been waiting for. Location, location, location - just a short walk to the famous Abbott Kinney and some of the finest restaurants and coffee shops. This is a beautifully landscaped income property consisting of 6 spacious sun filled bungalow units with No LA Rent Control. The current cap rate is 5.2% and with rent increases easily over 6.1%. Each units has individual circuit breaker boxes in the apartment, spacious kitchens and bathrooms, flooring and water heaters. All 6 units have private decks with the 2 front units having incredibly huge decks within a private yard. The 2 middle units have newer mini split hvac units. The property is fully rented and the owners unit can be vacated. There is a garage consisting of 2 units and an attached common laundry room. In the back of the property there is also a barbeque and dining area. There is financing that can be assumed, please inquire as to the specifics. The location of this property makes it easy to walk for groceries, coffee, dining and just close to the beach.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Wood
Fireplace No
Appliance Gas Oven, Gas Water Heater, Refrigerator
Laundry Common Area, Laundry Room
Exterior
Garage Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Fence Excellent Condition, Privacy, Wood
Pool None
Community Features Sidewalks, Gated
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Flat,Reflective
Parking Type Garage Faces Rear
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 4239026034
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Security Lights
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Contract
Special Listing Condition Standard
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Bought with Archie Ogani • The Beverly Hills Estates
GUIDE SoCal
Broker | License ID: DRE#01976964